Yuan now the 9th most actively traded currency in the world, up from 17th three years ago. Joining the exclusive club members - Hong Kong and Taiwan - in one of the boldest moves of policy makers in mainland China in a path to internationalization of its currency, the UK has become the third country…
Read moreTradeSlide continues its march towards becoming the industry standard for measuring traders' performance. Starting today the trading performance tracking website TradeSlide is updating their service with some fresh functionality released by their Quant & IT Lab. The company aims to be a facilitator for participants in social trading / copytrading platforms and assist traders in identifying…
Read moreThe UK's financial regulator The FCA plans to use the media as another weapon against violators. UK's financial regulator The FCA (formerly FSA) was given more powers under the UK's Financial Services Act of 2012, and now it has informed the public that it intends to use them. The FCA plans to publish, much earlier in…
Read moreThe big winner from Bitcoin's price rise? Advanced computer hardware makers. As they said during the California Gold Rush of the 1850s, it is the shovel companies that made the big money.... Despite periodic bouts of volatility, Bitcoin prices continue to steadily rise, and now, at about $135, are valued at more than 10 times…
Read moreSwissquote has set up an internal fund of CHF 100 million ($110 million) geared to potential acquisitions. It looks like Swissquote's appetite for acquisitions might not be sated with its takeover of rival Swiss forex broker MIG Bank. Swissquote (SWX:SQN) CEO Marc Burki was quoted in an interview in Swiss financial publication L'Agefi (and as reported…
Read moreJamie Coleman and Gerry Davies to jointly run new FXstreet research service. Forex information portal FXstreet has announced the launch of a new research service for traders called FXBeat. FXBeat will be a news and commentary feed conducted by Jamie Coleman and Gerry Davies, the analysts behind Forex Live and FXBriefs. The idea behind the new…
Read moreKCG Hotspot culminates an up month for all the major Forex ECNs. Hotspot FX, now formally known as KCG Hotspot, announced that September forex trading volumes came in at $28.7 billion daily, up slightly (3%) from August's $28.0 billion. Hotspot's figures complete our September picture in which all the major Forex ECNs -- ICAP EBS,…
Read moreFocus seems to be on chat room activity around the daily 4pm London fix. A report Friday by Bloomberg suggests that the US Justice Department and the FBI are conducting separate criminal probes into foreign currency rate market rigging by some of the world's biggest banks, around the daily 4pm fix of various currency pairs.…
Read moreLondon marks the binary options platform provider's tenth office worldwide. Binary platform provider Tradologic has announced the opening of a new office in London, as it expands sales generally in the EU. Tradologic now has offices in 10 locations worldwide, with London joining Sofia, Tel Aviv, Nicosia, Moscow, Singapore, Shanghai, Hong Kong, Tokyo, and Manila. UK…
Read moreAlpari Russia volumes hit $127 billion in September, rest-of-world $133 billion. After setting its best-ever volume record in August (normally a slow time!) at $280 billion, things cooled off somewhat at Alpari Group in September. Russia forex volumes dropped 5%, rest-of-world volumes fell 9%, leading to an overall -7% month for the leading forex broker.…
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